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City headhunter asks bankers to brace for deferred bonus shock

A majority of employees at major City investment banks, on average, anticipate only 13% of their bonus payouts to be deferred, a poll by Astbury Marsden shows.

The expectation could cause many junior-level bankers to be surprised when their bonuses are awarded, the headhunter warned - citing regulatory guidelines that mandate a deferral of between 40% and 60% of bonuses for at least three years.